Have you heard of the term “Too many eggs in one basket”?
This is a piece of advice which means that one should not concentrate all efforts and resources in one area as one could lose everything.
The same is true for an online business.
You want to diversify your income streams because if all of a sudden one stops for whatever reason, you’re screwed.
It’s happened to me in affiliate marketing just last year.
I was promoting a whole bunch of Instagram automation tools that had amazing recurring commissions and people were buying the software like crazy.
I had commissions on autopilot through organic traffic on my blog and then….
Instagram shut down almost all of the apps I was earning commission on.
The money literally stopped overnight.
It was not fun and something that I wanted to prevent or at least manage better going forward.
Since then, creating a sustainable diversified income stream became a top priority for me and it should be for you too.
This is why I coach entrepreneurs on building an online business based on the 3 Pillars of Sustainable Online Income.
THE 3 PILLARS OF SUSTAINABLE ONLINE INCOME
When you build your business with these 3 pillars you end up creating a more sustainable income shock proof business.
Let’s face it, no one knows what the future holds but it’s better to prepare for the worst and hope for the best.
Are you building a 3 pillar business?
How are you diversifying your income online?
Learn more about the 3 pillar system in my Private Facebook Group